According to Haruhiko Kuroda (the head of the Bank of Japan) it will be hard for the Ministry of Finance to weaken the yen to increase exports. The dynamics of the debt market also indicated an increase in demand for Japanese assets. The government bonds yield differential (US and Japanese) continued to decline.
The price is finding the first support at 108.20, the next one is at 107.40. The price is finding the first resistance at 109.00, the next one is at 109.80.
There is a confirmed and a strong buy signal. The price is above the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is correcting.
The upward bounce potential target is 109.80. If the price falls it will get to 108.20.